How IndiGo became the largest and most successful airline in India
India is now the 3rd largest (up from the 5th largest a decade ago) and one of the fastest-growing aviation markets in the world (after the USA and China). The sector has grown at a 6.9% CAGR over the past 10 years, with passenger traffic expected to rise from ₹41 crore in FY25 to ₹47 crore by FY27, growing at a CAGR of 7%. Despite this growth, why are there only a handful of successful airline companies in India?
Key challenges faced by Aviation companies in India:
